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New Member
posted Jun 4, 2019 10:49:52 PM

I was doing my daughters return on the free edition. I have not started my own. Form 8615 showed up when we went to file. HOW?

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3 Replies
Level 15
Jun 4, 2019 10:49:53 PM

What is the purpose of Form 8615?

In response, the federal government changed the tax treatment of children's unearned income by taxing it at the parent's tax rate. Form 8615 is used to make the child's tax calculations for this income.

New Member
Jun 4, 2019 10:49:54 PM

She has no unearned income.  We have put no investments in her name.
So she does not meet all the criteria. Therefore it should not apply to file an 8615 form.
Additionally, where did the amount come from >$2100?
How do I clear it?

Level 15
Jun 4, 2019 10:49:56 PM

Is it on the form 1040 line 1 with the letters SCH next to it ?

Why is my scholarship taxable?
Congratulations on getting a scholarship! Scholarships or portions of scholarships may be taxable. It all depends on how you use them.
If you use your scholarship to pay for any of these, it counts as income and the amount paid is taxable:
• Room and board
• Travel and incidental expenses
• Any fees, books, and supplies or equipment that are not required for your courses
If you’re getting a degree at an eligible school, your scholarship is tax-free when used for:
• Tuition and fees
• Fees, books, supplies or equipment required for your courses
• Any scholarship or fellowship for services received under the National Health Services Corps Scholarship Program or the Armed Forces Health Professions Scholarship and Financial Assistance Program
For example, if you used your scholarship to pay for tuition and room and board, you would be taxed on the room and board payment but not tuition.